Intel's Mobile Losses Mount
CPU sales break quarterly record
7/15/2014 07:10 PM EDT
NEW YORK CITY — Intel reported significant increases in net income during its second-quarter revenue report, as well as record quarterly microprocessor shipments. Despite a generally good quarter, the Santa Clara, Calif., company showed massive losses in its mobile unit.
For the second quarter, Intel reported revenue of $13.8 billion (a $1 billion increase from a year earlier), along with operating income of $3.8 billion, net income of $2.8 billion, and earnings of 55 cents per share. A spokesperson credited the microprocessor shipment record for the results, though specific shipment numbers were not given.
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